Livforsakringsbolaget Skandia Omsesidigt Buys 111,500 Shares of Laureate Education $LAUR

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its ownership in Laureate Education by 115.5%, acquiring 111,500 shares during Q2, bringing its total stake to 208,000 shares valued at approximately $4.86 million.
• Laureate Education has received an upgrade from Wall Street Zen, changing its rating from "hold" to a "strong-buy", with a consensus price target of $24.00.
• The company reported earnings of $0.79 per share for the latest quarter, exceeding analyst expectations of $0.73, alongside a revenue of $524.2 million which surpassed estimates by $22.2 million.

Livforsakringsbolaget Skandia Omsesidigt raised its position in Laureate Education (NASDAQ:LAUR - Free Report) by 115.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,000 shares of the company's stock after buying an additional 111,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned 0.14% of Laureate Education worth $4,863,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Laureate Education during the first quarter worth about $36,637,000. Public Sector Pension Investment Board bought a new stake in shares of Laureate Education in the 1st quarter valued at about $9,976,000. Invesco Ltd. grew its holdings in shares of Laureate Education by 22.0% during the 1st quarter. Invesco Ltd. now owns 2,150,013 shares of the company's stock worth $43,968,000 after acquiring an additional 388,143 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Laureate Education by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,060,176 shares of the company's stock valued at $267,081,000 after buying an additional 387,567 shares during the period. Finally, New Vernon Capital Holdings II LLC increased its stake in Laureate Education by 1,945.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 364,869 shares of the company's stock worth $7,462,000 after buying an additional 347,027 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group started coverage on shares of Laureate Education in a research note on Friday. They issued a "buy" rating and a $35.00 price objective for the company. Wall Street Zen lowered shares of Laureate Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Laureate Education presently has an average rating of "Buy" and an average price target of $29.50.

Laureate Education Stock Up 0.9%

Shares of LAUR stock traded up $0.28 during mid-day trading on Friday, hitting $29.89. The company's stock had a trading volume of 2,133,931 shares, compared to its average volume of 817,432. Laureate Education has a 52-week low of $15.15 and a 52-week high of $30.47. The business has a 50-day moving average price of $25.94 and a 200 day moving average price of $22.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 17.58 and a beta of 0.58.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Laureate Education had a return on equity of 29.46% and a net margin of 16.41%.The firm had revenue of $524.20 million for the quarter, compared to the consensus estimate of $502.00 million. During the same period in the prior year, the business posted $0.65 earnings per share. The company's revenue for the quarter was up 5.0% on a year-over-year basis. Laureate Education has set its FY 2025 guidance at EPS. Research analysts predict that Laureate Education will post 1.51 EPS for the current fiscal year.

Laureate Education Company Profile

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.